DOVER Corp DOV

Industrials SIC 3530 - Construction, Mining & Materials Handling Machinery & Equip NAICS Manufacturing › Machinery Manufacturing › Other General Purpose Machinery Manufacturing › Material Handling Equipment Manufacturing derived NYSE

Dover Corporation is a diversified global manufacturer and solutions provider delivering innovative equipment and components, consumable supplies, aftermarket parts, software and digital solutions and support services through five operating segments: Engineered Products, Clean Energy & Fueling, Imaging & Identification, Pumps & Process Solutions, and Climate & Sustainability Technologies. Unless the context indicates otherwise, references herein to "Dover," "the Company," and words such as "we," "us," or "our" include Dover Corporation and its consolidated subsidiaries. Dover was incorporated in 1947 in the State of Delaware and became a publicly traded company in 1955. Dover is headquartered in Downers Grove, Illinois and currently employs approximately 24,000 people worldwide.

Last close 199.20 2026-10-23
Market cap $26.83B 2026-06-30 share count
52-week range 176.40 - 237.54

Valuation FY2025 figures against the last close

P/S3.3x
P/E25.1x
P/FCF24.0x
EV/EBITDA16.2x
Dividend yield1.1%
Diluted EPS7.94

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • United States
  • Europe
  • Asia
  • Other Americas
  • Other
Revenue by geography, 5 categories over 3 years. The same figures are in the table below. FY2025 United States, FY2025: 4.4B (54.4%) 54% United States Europe, FY2025: 1.8B (21.9%) 22% Europe Asia, FY2025: 900.2M (11.1%) 11% Asia Other Americas, FY2025: 707.5M (8.7%) 9% Other, FY2025: 315.5M (3.9%) 4% Other FY2024 United States, FY2024: 4.2B (54.2%) 54% Europe, FY2024: 1.7B (21.6%) 22% Asia, FY2024: 832.8M (10.8%) 11% Other Americas, FY2024: 729.7M (9.4%) 9% Other, FY2024: 305.8M (3.9%) 4% FY2023 United States, FY2023: 4B (51.7%) 52% Europe, FY2023: 1.8B (22.9%) 23% Asia, FY2023: 923.9M (12.0%) 12% Other Americas, FY2023: 671.2M (8.7%) 9% Other, FY2023: 361.6M (4.7%) 5%
Region FY2025FY2024FY2023
United States $4.40B $4.20B $3.97B
Europe $1.77B $1.68B $1.76B
Asia $900.2M $832.8M $923.9M
Other Americas $707.5M $729.7M $671.2M
Other $315.5M $305.8M $361.6M

As the company reported it, from the “Segment Information - Schedule of Revenue Disaggregated by Geography based on the Location (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $8.09B$7.75B$7.68B$7.84B$7.91B$6.68B$7.14B$6.99B$6.82B$6.04B
Cost of revenue $4.87B$4.79B$4.82B$4.94B$4.94B$4.21B$4.52B$4.43B$4.29B$3.82B
Gross profit $3.22B$2.96B$2.87B$2.90B$2.97B$2.47B$2.62B$2.56B$2.53B$2.23B
R&D $165.3M$149.6M$139.1M$151.4M$157.8M$142.1M$141.0M$143.0M$130.5M$115.8M
SG&A $1.84B$1.75B$1.65B$1.63B$1.69B$1.54B$1.60B$1.72B$1.72B$1.52B
Operating income $1.37B$1.21B$1.22B$1.28B$1.28B$933.0M$974.9M$843.1M$806.9M$709.0M
Interest expense $109.8M$131.2M$131.3M$116.5M$106.3M$111.9M$125.8M$131.0M$144.9M$136.0M
Pre-tax income $1.37B$1.76B$1.12B$1.19B$1.40B$841.7M$843.0M$725.4M$875.8M$684.6M
Income tax $276.8M$357.0M$179.1M$200.3M$277.0M$158.3M$165.1M$134.2M$129.2M$182.5M
Net income $1.09B$2.70B$1.06B$1.07B$1.12B$683.5M$677.9M$570.3M$811.7M$508.9M
EPS, basic 7.9919.587.567.477.814.744.673.805.213.28
EPS, diluted 7.9419.457.527.427.744.704.613.755.153.25
Shares, diluted (wtd. avg.) 137.8M138.7M140.6M143.6M145.3M145.4M147.0M152.1M157.7M156.6M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $1.68B$1.84B$398.6M$380.9M$385.5M$513.1M$397.3M$396.2M$754.0M$349.1M
Receivables $1.37B$1.35B$1.32B$1.52B$1.35B$1.14B$1.22B$1.23B$1.18B$1.27B
Inventory $1.27B$1.14B$1.14B$1.37B$1.19B$835.8M$806.1M$748.8M$677.0M$870.5M
Total current assets $4.51B$4.48B$3.39B$3.42B$3.06B$2.62B$2.55B$2.50B$2.79B$2.59B
Property, plant and equipment $1.12B$987.9M$978.5M$1.00B$957.3M$897.3M$842.3M$806.5M$787.9M$945.7M
Goodwill $5.43B$4.91B$4.64B$4.43B$4.56B$4.07B$3.78B$3.68B$3.69B$3.67B
Other intangibles $1.76B$1.58B$1.45B$1.33B$1.36B$1.08B$1.06B$1.13B$1.28B$1.80B
Total assets $13.42B$12.51B$11.35B$10.90B$10.40B$9.15B$8.67B$8.37B$10.66B$10.12B
Accounts payable $875.7M$848.0M$854.5M$1.07B$1.07B$853.9M$920.6M$969.5M$882.0M$830.3M
Short-term debt $706.7M$399.4M$0$735.8M$105.7M$0$84.7M$0$350.0M$1.1M
Total current liabilities $2.52B$2.20B$2.41B$2.77B$2.25B$1.74B$1.75B$1.83B$2.14B$1.94B
Long-term debt $2.62B$2.53B$2.99B$2.94B$3.02B$3.11B$2.99B$2.94B$2.99B$3.21B
Retained earnings $14.22B$13.41B$11.00B$10.22B$9.45B$8.61B$8.21B$7.82B$8.46B$7.93B
Total equity $7.41B$6.95B$5.11B$4.29B$4.19B$3.39B$3.03B$2.77B$4.38B$3.80B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $1.34B$1.09B$1.22B$746.8M$1.12B$1.10B$945.3M$789.2M$739.4M$734.6M
Depreciation and amortisation $379.6M$337.8M$305.0M$295.7M$290.1M$279.1M$272.3M$282.6M$283.3M$249.7M
Stock-based compensation $44.0M$40.4M$30.8M$30.1M$31.1M$25.0M$29.7M$23.7M$24.1M$18.6M
Capital expenditure $220.3M$167.5M$183.4M$211.1M$171.5M$165.7M$186.8M$171.0M$170.1M$139.6M
Investing cash flow -$886.6M-$27.0M-$717.7M-$520.8M-$992.8M-$481.4M-$384.3M-$245.5M$208.3M-$1.48B
Financing cash flow -$624.9M-$1.27B-$568.1M-$260.3M-$249.9M-$506.3M-$558.0M-$897.8M-$592.9M$634.3M
Dividends paid $283.0M$283.1M$284.3M$287.6M$286.9M$284.3M$282.2M$283.6M$284.0M$267.7M
Buybacks $540.7M$500.0M$0$585.0M$21.6M$106.3M$143.3M$895.0M$105.0M$0

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000029905-26-000009.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 2.5B 5B 7.5B 10B Revenue, FY2016: 6B Gross profit, FY2016: 2.2B Net income, FY2016: 508.9M Revenue, FY2017: 6.8B Gross profit, FY2017: 2.5B Net income, FY2017: 811.7M Revenue, FY2018: 7B Gross profit, FY2018: 2.6B Net income, FY2018: 570.3M Revenue, FY2019: 7.1B Gross profit, FY2019: 2.6B Net income, FY2019: 677.9M Revenue, FY2020: 6.7B Gross profit, FY2020: 2.5B Net income, FY2020: 683.5M Revenue, FY2021: 7.9B Gross profit, FY2021: 3B Net income, FY2021: 1.1B Revenue, FY2022: 7.8B Gross profit, FY2022: 2.9B Net income, FY2022: 1.1B Revenue, FY2023: 7.7B Gross profit, FY2023: 2.9B Net income, FY2023: 1.1B Revenue, FY2024: 7.7B Gross profit, FY2024: 3B Net income, FY2024: 2.7B Revenue, FY2025: 8.1B Gross profit, FY2025: 3.2B Net income, FY2025: 1.1B FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $6.04B $6.82B $6.99B $7.14B $6.68B $7.91B $7.84B $7.68B $7.75B $8.09B
Gross profit $2.23B $2.53B $2.56B $2.62B $2.47B $2.97B $2.90B $2.87B $2.96B $3.22B
Net income $508.9M $811.7M $570.3M $677.9M $683.5M $1.12B $1.07B $1.06B $2.70B $1.09B

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Material agreement terminated An agreement that mattered has ended. Often the other half of a deal that fell through. Item 1.02
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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